5Y Capital () is a

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

-based

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm founded in 2008. It was previously known as Morningside Venture Capital before it rebranded in October 2020.

Background

5Y Capital was founded in 2008 by Ken Shi and Richard Liu under the name, Morningside Venture Capital. Prior to founding the firm, Liu and Shi worked as

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

professionals at the Morningside Group, a family office founded in 1986 by

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and his family. The Chan family currently runs the

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. As a gesture of support, Morningside Group authorized the firm to use the ‘Morningside’ brand in its operations as well as being a key investor in the firm. In October 2020, the firm rebranded to 5Y Capital. The name comes from 'Wuyuan Road' which is the street where the firm has been headquartered since its inception. 5Y Capital focuses on early-stage venture investments in different sectors. 5Y Capital is headquartered in Shanghai with additional offices in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

, and

Funds

Notable Investments

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* Sensetime *

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* Musical.ly *

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Redcore Redcore ( zh, s=红芯浏览器, l=red core browser)Official website: , where it shows that the browser is named "Redcore Browser" ( zh, 红芯浏览器), and the browser engine is "Redcore" ( zh, 红芯内核) is a web browser developed by Chines ...

Kunlun Fight Kunlun Fight (KLF) (Chinese: 昆仑决; pinyin: Kūnlún Jué), is a kickboxing promotion headquartered in Beijing, China. It debuted in 2014 and is regarded as one of the top kickboxing promotions in the world. Events are broadcast on Jiangsu Te ...

ShareChat ShareChat is an Indian social media platform, owned by Bangalore-based Mohalla Tech Pvt Ltd. It was founded by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, and incorporated on 8 January 2015. ShareChat has over 400 million monthly acti ...

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References

External links

Official Website
{{authority control Chinese companies established in 2008 Financial services companies established in 2008 Investment management companies of China Venture capital firms of China